Label Insight, a Serra Capital II portfolio company, had an exciting month of December as it first announced a partnership with 1WorldSync, and also announced the raise of $21 million in new investments.

1WorldSync is the leading provider of product content solutions, and the partnership will help create the industry's most comprehensive solution for product data distribution and transparency.

Label Insight uses data science to bring transparency to food product labels to help people with allergies and dietary restrictions know exactly what they’re putting in their body. Label Insight has now raised more than $35 million to date. The company says it will use the funding to hire more data scientists and continue product development.